Stellar
$0.48504 -4.42%
XLM · 3w

Thoughts on Binance XLM Leveraged Tokens

I have a very large amount of Stellar Lumens. I was thinking of liquidating 10% of my holdings to purchase XLMUP/USDT leveraged tokens on Binance. It's essentially a 2.5x Bull/Bear USD ETF depending on the direction. Obviously we are all long. Anyone have experience with these types of products? Also while writing this post, I learned that these aren't long term holds because the NAV degrades with volatile drops. Still doing some reading on this but here's the link: https://www.binance.com/en/blog/421499824684901079/Why-you-shouldnt-hold-leveraged-tokens-longterm-
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